NAC 354.8662

“Payments in lieu of taxes” defined.

Year: 2026Length: 36 wordsOfficial source

Cite as Nev. Admin. Code Sec. 354.8662

“Payments in lieu of taxes” means payments that: 1. Are made to a local government to help offset losses in property taxes; 2. Can be independently determined and verified; and 3. Relate to specific property taxes.